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NUM Numis Corporation Plc

343.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Numis Corporation Plc LSE:NUM London Ordinary Share GB00B05M6465 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 343.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Numis Corporation PLC Grant of awards under 2021 LTIP (0892M)

19/01/2021 7:00am

UK Regulatory


Numis (LSE:NUM)
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TIDMNUM

RNS Number : 0892M

Numis Corporation PLC

19 January 2021

Numis Corporation Plc ("Numis")

Grant of awards under 2021 Long Term Incentive Plan (LTIP)

and

Notification of transactions by PDMRs

Embargoed for release 7.00 am, 19 January 2021

The Board announces that on 18 January 2021 the Company granted 1,298,507 performance shares under the Numis Corporation Long Term Incentive Plan 2021 ("Awards") to the Executive Directors of the Company. The grant of these Awards is in line with the updated Remuneration policy set out in the Company's latest Annual Report published on 5 January 2021.

 
 Director           Award shares 
 Alex Ham           567,164 
                   ------------- 
 Ross Mitchinson    567,164 
                   ------------- 
 Andrew Holloway    164,179 
                   ------------- 
 

The vesting of the Award shares is conditional on meeting performance conditions measured over a three-year period as described below. The Awards are subject to a further one year holding period during which vested awards cannot be sold.

Performance conditions

The Awards are subject to total shareholder return ("TSR") growth measures. TSR growth will be calculated as the difference between the 3 month average return index immediately before the start of the performance period and the average return index performance over the final 12 months of the 3 year performance period.

 
 TSR Performance target    Percentage of Award vesting 
 Below 6%                  0% 
                          ---------------------------------------- 
 6% p.a.                   25% 
                          ---------------------------------------- 
 6% - 20% p.a              Between 25% and 100% on a straight-line 
                            basis 
                          ---------------------------------------- 
 20% p.a.                  100% 
                          ---------------------------------------- 
 

Awards will also be subject to an underpin whereby the Remuneration Committee will need to be satisfied that vesting is warranted based on financial, compliance, culture and risk performance over the performance period including an assessment of Numis' financial performance when measured against its peers, over the performance period.

Shareholding requirement

To coincide with the new LTIP plan, shareholding requirements have been introduced for the Executive Directors. Under this new policy the Executive Directors are required to retain a percentage of their salary in shares. The shareholding requirement will also continue one year post cessation.

 
 Director           Percentage of salary 
 Alex Ham           500% 
                   --------------------- 
 Ross Mitchinson    500% 
                   --------------------- 
 Andrew Holloway    200% 
                   --------------------- 
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMR) AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1       Details of the person discharging managerial responsibility 
          / person closely associated 
 
   a)      Name                                    Alexander Ham 
        --------------------------------------  ---------------------------------------- 
 2       Reason for the notification 
        -------------------------------------------------------------------------------- 
 
   a)      Position/status                         PDMR (Joint Chief Executive 
                                                   Officer) 
        --------------------------------------  ---------------------------------------- 
 
   b)      Initial notification/amendment          Initial notification 
        --------------------------------------  ---------------------------------------- 
 3       Details of the issuer, emission allowance market participant, 
          auction platform, auctioneer or auction monitor 
        -------------------------------------------------------------------------------- 
 
   a)      Name                                    Numis Corporation Plc 
        --------------------------------------  ---------------------------------------- 
 
   b)      LEI                                     213800AREEDZZCNBHD25 
        --------------------------------------  ---------------------------------------- 
 4       Details of the transaction(s): section to be repeated 
          for (i) each type of instrument; (ii) each type of 
          transaction; (iii) each date; and (iv) each place 
          where transactions have been conducted 
        -------------------------------------------------------------------------------- 
 
           Description of the financial            Share options 
           instrument, type of 
           instrument 
        --------------------------------------  ---------------------------------------- 
 
 a)        Identification code                     Ordinary share ISIN : GB00B05M6465 
        --------------------------------------  ---------------------------------------- 
 
   b)      Nature of transaction                   Grant of options over the ordinary 
                                                   share capital of the Company 
                                                   under the 2021 Long Term Incentive 
                                                   Plan (2021 LTIP) 
        --------------------------------------  ---------------------------------------- 
 
                                                   Price(s)             Volume(s) 
        --------------------------------------  -------------------  ------------------- 
 
 c)      Price(s) and volume(s)                    Nil cost             567,164 
        --------------------------------------  -------------------  ------------------- 
 
    Aggregated information 
 --------------------------------------------------------------------------------------- 
 
    Aggregated volume                       567,164 
 --------------------------------------  ----------------------------------------------- 
 
 d)        Price                                   Nil cost 
        --------------------------------------  ---------------------------------------- 
 
   e)      Date of transaction                     18 January 2021 
        --------------------------------------  ---------------------------------------- 
 
   f)      Place of transaction                    UK, London Stock Exchange 
        --------------------------------------  ---------------------------------------- 
 
 
 1       Details of the person discharging managerial responsibility 
          / person closely associated 
 
   a)      Name                                    Ross Mitchinson 
        --------------------------------------  ---------------------------------------- 
 2       Reason for the notification 
        -------------------------------------------------------------------------------- 
 
   a)      Position/status                         PDMR (Joint Chief Executive 
                                                   Officer) 
        --------------------------------------  ---------------------------------------- 
 
   b)      Initial notification/amendment          Initial notification 
        --------------------------------------  ---------------------------------------- 
 3       Details of the issuer, emission allowance market participant, 
          auction platform, auctioneer or auction monitor 
        -------------------------------------------------------------------------------- 
 
   a)      Name                                    Numis Corporation Plc 
        --------------------------------------  ---------------------------------------- 
 
   b)      LEI                                     213800AREEDZZCNBHD25 
        --------------------------------------  ---------------------------------------- 
 4       Details of the transaction(s): section to be repeated 
          for (i) each type of instrument; (ii) each type of 
          transaction; (iii) each date; and (iv) each place 
          where transactions have been conducted 
        -------------------------------------------------------------------------------- 
 
           Description of the financial            Share options 
           instrument, type of 
           instrument 
        --------------------------------------  ---------------------------------------- 
 
 a)        Identification code                     Ordinary share ISIN : GB00B05M6465 
        --------------------------------------  ---------------------------------------- 
 
   b)      Nature of transaction                   Grant of options over the ordinary 
                                                   share capital of the Company 
                                                   under the 2021 Long Term Incentive 
                                                   Plan (2021 LTIP) 
        --------------------------------------  ---------------------------------------- 
 
                                                   Price(s)             Volume(s) 
        --------------------------------------  -------------------  ------------------- 
 
 c)      Price(s) and volume(s)                    Nil cost             567,164 
        --------------------------------------  -------------------  ------------------- 
 
    Aggregated information 
 --------------------------------------------------------------------------------------- 
 
    Aggregated volume                       567,164 
 --------------------------------------  ----------------------------------------------- 
 
 d)        Price                                   Nil cost 
        --------------------------------------  ---------------------------------------- 
 
   e)      Date of transaction                     18 January 2021 
        --------------------------------------  ---------------------------------------- 
 
   f)      Place of transaction                    UK, London Stock Exchange 
        --------------------------------------  ---------------------------------------- 
 
 
 1       Details of the person discharging managerial responsibility 
          / person closely associated 
 
   a)      Name                                    Andrew Holloway 
        --------------------------------------  ---------------------------------------- 
 2       Reason for the notification 
        -------------------------------------------------------------------------------- 
 
   a)      Position/status                         PDMR (Executive Director -Chief 
                                                   Finance Director) 
        --------------------------------------  ---------------------------------------- 
 
   b)      Initial notification/amendment          Initial notification 
        --------------------------------------  ---------------------------------------- 
 3       Details of the issuer, emission allowance market participant, 
          auction platform, auctioneer or auction monitor 
        -------------------------------------------------------------------------------- 
 
   a)      Name                                    Numis Corporation Plc 
        --------------------------------------  ---------------------------------------- 
 
   b)      LEI                                     213800AREEDZZCNBHD25 
        --------------------------------------  ---------------------------------------- 
 4       Details of the transaction(s): section to be repeated 
          for (i) each type of instrument; (ii) each type of 
          transaction; (iii) each date; and (iv) each place 
          where transactions have been conducted 
        -------------------------------------------------------------------------------- 
 
           Description of the financial            Share options 
           instrument, type of 
           instrument 
        --------------------------------------  ---------------------------------------- 
 
 a)        Identification code                     Ordinary share ISIN : GB00B05M6465 
        --------------------------------------  ---------------------------------------- 
 
   b)      Nature of transaction                   Grant of options over the ordinary 
                                                   share capital of the Company 
                                                   under the 2021 Long Term Incentive 
                                                   Plan (2021 LTIP) 
        --------------------------------------  ---------------------------------------- 
 
                                                   Price(s)             Volume(s) 
        --------------------------------------  -------------------  ------------------- 
 
 c)      Price(s) and volume(s)                    Nil cost             164,179 
        --------------------------------------  -------------------  ------------------- 
 
    Aggregated information 
 --------------------------------------------------------------------------------------- 
 
    Aggregated volume                       164,179 
 --------------------------------------  ----------------------------------------------- 
 
 d)        Price                                   Nil cost 
        --------------------------------------  ---------------------------------------- 
 
   e)      Date of transaction                     18 January 2021 
        --------------------------------------  ---------------------------------------- 
 
   f)      Place of transaction                    UK, London Stock Exchange 
        --------------------------------------  ---------------------------------------- 
 

The information contained within this announcement was considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release.

19 January 2021

END

Contacts:

Numis Corporation:

Alex Ham & Ross Mitchinson, Co-Chief Executives 020 7260 1245

Andrew Holloway, Chief Financial Officer

020 7260 1266

Brunswick:

Nick Cosgrove

020 7404 5959

Simone Selzer

020 7404 5959

Grant Thornton UK LLP (Nominated Adviser):

Philip Secrett

020 7728 2578

Harrison Clarke

020 7184 4384

Notes for Editors

Numis is a leading independent investment banking group offering a full range of research, execution, corporate broking and advisory services to companies and their investors. Numis is listed on AIM, and employs approximately 292 staff in London and New York.

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END

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January 19, 2021 02:00 ET (07:00 GMT)

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